Diversified Royalty Corp. (TSE:DIV) Plans Monthly Dividend of $0.02

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Monday, June 15th, TickerTech Dividends reports. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.0238 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, June 15th.

Diversified Royalty Price Performance

Shares of TSE DIV traded up C$0.04 during midday trading on Friday, hitting C$4.70. The stock had a trading volume of 326,066 shares, compared to its average volume of 385,856. The company has a market capitalization of C$804.96 million, a PE ratio of 23.50 and a beta of 1.06. The stock has a 50 day simple moving average of C$4.47 and a 200-day simple moving average of C$4.11. Diversified Royalty has a 1 year low of C$2.87 and a 1 year high of C$4.93. The company has a quick ratio of 1.74, a current ratio of 2.84 and a debt-to-equity ratio of 103.05.

Diversified Royalty (TSE:DIV) last released its earnings results on Thursday, May 14th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$18.80 million for the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%. On average, sell-side analysts expect that Diversified Royalty will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Johnny Ciampi sold 152,996 shares of Diversified Royalty stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of C$4.77, for a total transaction of C$729,790.92. Following the transaction, the director owned 839,469 shares in the company, valued at approximately C$4,004,267.13. This trade represents a 15.42% decrease in their ownership of the stock. Also, insider Greg Gutmanis sold 30,000 shares of Diversified Royalty stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of C$4.85, for a total value of C$145,500.00. Following the transaction, the insider owned 204,185 shares in the company, valued at approximately C$990,297.25. The trade was a 12.81% decrease in their position. In the last quarter, insiders have sold 330,000 shares of company stock worth $1,576,500. 0.52% of the stock is currently owned by company insiders.

About Diversified Royalty

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.